weel chart, page-5

hi russell, buying continues in SGL on a down day.Look like the previous resistance level of 39c will become the new support level.If you look at the weekly chart the 15weeks MA has crossed over the 30 weeks MA, an indication that long term traders are moving in, an indication of an upwards trend being established.
If you look further back at the dominant candle established on the weekending 2nd of May,all subsequent candles were red and went back to the base of that dominant candle which was bearish. However the dominant candle established on the 8th June was good that subsequent candles continue to be above the top of the dominant candle.The chart pattern in candlestick analysis where subsequent candles stay above the mid point of a dominant candle is considered bullish.SGL, certainly look the goods.

Note:Charting analysis only DYOR.